Bim, the free mobile wallet, announced that it now allows bank transfers to Yape and Plin. In the deployment of the interoperability strategy for retail payments of the Central Reserve Bank of Peru (BCRP), the incorporation of this option contributes to massifying immediate transactions of low amounts between financial entities.
The application, which does not need a bank account to be used, has more than 2.1 million users who will now be able to receive and send money to other mobile wallets; However, Bim’s goal is to reach 5 million customers in the next five years.
“This achievement has been possible thanks to the support of the entities that have accompanied us on this journey and have facilitated successful communication with Yape and Plin. This advance represents another milestone in our mission to promote financial inclusion in Peru,” the banking application emphasized.
What is Bim?
This platform is the result of a joint effort by the private sector, made up of more than 30 electronic money service providers, who have collaborated and invested in the development of a common technological infrastructure. The project facilitates interoperability between different issuers and telecommunications operators, thus creating a new payment option.
To date, Bim allows you to carry out various transactions such as transfers to other digital wallets, payment of basic services (electricity, water, cable, taxes), telephone recharges and purchases in various establishments, including wineries, stores and pharmacies. Likewise, it makes it possible to pay loans to financial institutions, such as Compartamos Financiera, Kori, Adra, Caja Sullana, Caja Los Andes, Alfin Banco, Banco Pichincha and Banco de Comercio.
How to create a Bim account?
To create a Bim account, you must follow the following steps:
- Download the BIM application on your cell phone. It is available for Play Store, App Store and App Gallery
- Enter your cell phone number
- Choose your type of identity document (DNI or Passport)
- Then you will receive an SMS with a code that you must enter in the app
- Enter the number of your document and its issue date
- Choose the operator to which your mobile number belongs
- Choose the electronic currency issuer to back up your money
- Create your BIM password and that’s it.
Bim: how does it work?
Bim, unlike other digital wallets, does not ask you to have an interbank account to send or withdraw money; However, it does work with financial entities that protect your capital, such as Interbank, Banco de la Nación, Crediscotia, Caja Sullana, Caja Huancayo, Los Andes, Caja Cusco, Compartamos Financiera, CrediInka and Qapaq.
If you want to deposit or withdraw money from your Bim account, you can do so through the respective BCP and Interbank banks; in the agents of BCP, Banco de la Nación and Bim; using the GoPay and Ya Ganaste channels; in the Los Andes, Tacna or Maynas savings banks, and through Compartamos Financiera.
What is the maximum amount of Bim operations?
The maximum limit is a total of S/15,000 between the sum of all your operations throughout the month, including deposits, shipments, withdrawals, cell phone recharges, etc. Remember that the limits are renewed monthly.
Source: Larepublica
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